Orders and Exemptions

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THE SECURITIES ACT

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Order No. 6412

 

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Section 148 and 148.3

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October 5, 2011

 

 

GREGORY CLARK CARRINGTON

 

 

WHEREAS:

 

(A)         On February 7, 2011, the Executive Director of the British Columbia Securities Commission (“BCSC”) entered into a settlement (“Settlement”) with Gregory Clark Carrington (“CARRINGTON”) and made an order against him (“BCSC Order”);

 

(B)         In the Settlement, CARRINGTON consented to any securities regulator in Canada relying upon the facts admitted in the Settlement solely for the purpose of making an order similar to the one contemplated in the Settlement;

 

(C)         On August 11, 2011, The Manitoba Securities Commission (“Commission”) issued a Notice of Hearing (“Notice”) giving notice of its intention to hold a hearing to consider pursuant to section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended (“Act”) whether or not to grant orders with respect to CARRINGTON;

 

(D)         This hearing matter came before a panel of the Commission on October 5, 2011;

 

(E)         Upon reviewing the documentary evidence and hearing the submissions of counsel for staff of the Commission, no one appearing for the respondent, and upon reviewing the Affidavit of Service, filed, and being satisfied as to service upon the respondent, the Commission is of the opinion that it is in the public interest to make this order.

 

 

IT IS ORDERED:

 

1.                            THAT, pursuant to section 148 of the Act, CARRINGTON cease trading in securities until February 7, 2031.

 

2.                            THAT, pursuant to section 148.3 of the Act, CARRINGTON resign any position he holds as a director or officer of any issuer and be prohibited from becoming or acting as a director or officer of any issuer until February 7, 2031.

 

 

BY ORDER OF THE COMMISSION

 

 

                                                                                                                                                                          Deputy Director

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